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I received a portentous email from my real estate agent yesterday

- We have a 1 bedroom, 1 bathroom, 1 car bay, ground floor property coming available at 64 Spencer Ave around 23/24 December at $400.00 per week.

Why is this portentous you ask?
The unit is owned by the gentleman who owns the one I am renting. (He built and owns 124 similar units)
The one for rent is in a block of units about 100 metres down the road.
The unit is exactly the same as mine.
I am currently paying $350 a week. The rent will go up in May, and this offering shows that my rent might rise to $400 a week.
There is the possibility the empty unit might have been refurbished, hence the higher price.
I have been in this unit for 11 years and only the hot water unit has replaced.
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DeWayfarer · 61-69, M
I'm sure glad we don't have to pay by the week. Yet we do have a initial 1 year lease contract before it goes month to month. Rent is the same amount as your new place yet the owners usually up the rent yearly as allowed by local laws.

My place is likely the same size as yours. Approximately 400 square feet. And definitely the same number of rooms and on the ground. Parking on the lot yet not a covered carport.
Gusman · 61-69, M
@DeWayfarer I am staying where I am. The $400/week is for a newly vacated place the agent is offering to tenants should someone want to move.
I make $700 fortnightly payments via direct debit.